Naim Holdings (5073) Fair Value & Analysis
Industrials · MY · Market cap 375M MYR
Fair value as of: Jul 17, 2026
From 9 valuation models · updated 24 days ago
Fair value updated Jul 17, 2026, revised from 0.9700 MYR to 0.9800 MYR (+1.0%) since Jul 11, 2026. Share price +5.3% over the past month.
Below-average quality, screening 23% undervalued on our models.
What matters now
- Our model range runs from 0.7300 MYR (bear) to 1.22 MYR (bull), base 0.9800 MYR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 44/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 0.4500 MYR – 1.63 MYR · fair‑value band 0.7300 MYR – 1.22 MYR · the 0.7950 MYR price screens below the 0.9800 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Naim Holdings (5073) currently trades at 0.7950 MYR, while our model-based Fair Value estimate is 0.9800 MYR, implying the stock looks roughly 23.3% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Naim Holdings generated revenue of 198M MYR at a net margin of 16.3%. Revenue grew 3.4% year over year. It earns a return on equity of 1.9%. Net debt stands at 1.8M MYR. Fundamentals as of Jul 17, 2026
Our scenario range runs from 0.7300 MYR (bear case) to 1.22 MYR (bull case); at 0.7950 MYR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 23%, 5073 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 9 models by family
Widest divergence: Asset-Based (2.10 MYR) versus Earnings-Based (0.4800 MYR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Naim Holdings Berhad, an investment holding company, engages in the property development and construction businesses in Malaysia. It operates through three segments: Property Development, Construction, and Others. The Property Development segment develops and constructs residential and commercial properties, as well as sells vacant land.
Full company description
Naim Holdings Berhad, an investment holding company, engages in the property development and construction businesses in Malaysia. It operates through three segments: Property Development, Construction, and Others. The Property Development segment develops and constructs residential and commercial properties, as well as sells vacant land. The Construction segment constructs buildings, roads, bridges, and other infrastructure and engineering works, such as oil and gas related construction projects. The Others segment is involved in the trading of buildings and construction materials; provision of sand extraction and land filling services; property investment and management activities; and hotel, education, and quarry operations. It also enagegs in the construction of bridges, and dams; flood mitigation-related projects; government camps and complexes; mass rapid transits; museums/galleries; residential, commercial, and industrial properties; recreational facilities; resettlement schemes; roads and highways; education establishments; transmission lines; and water pipelines business. In addition, the company operates as a civil, building, and earthworks contractor; and provides property management services. Further, the company involved in the trading of construction materials, as well as in the provision of management services. Naim Holdings Berhad was incorporated in 1993 and is headquartered in Kuching, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Naim Holdings reported revenue of 197M MYR in FY2025 versus 422M MYR in FY2021, a compound −17.4%/yr. Reported net income was 28.4M MYR in FY2025.
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Peer Group
Engineering & Construction · 839 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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